Tower Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 30,246,760 | 975,136 | 29,271,624 | 10031.0 | 0% |
| 2012 | 19,243,559 | 41,398,104 | −22,154,545 | 206.3 | 0% |
| 2013 | 78,513,002 | 2,004,000 | 76,509,002 | 4959.1 | 0% |
| 2014 | 54,094,478 | 3,222,856 | 50,871,622 | 3450.0 | 18% |
| 2015 | 37,751,968 | 7,859,371 | 29,892,597 | 1282.3 | 31% |
| 2016 | 2,877,821 | 7,304,043 | −4,426,222 | 1320.4 | 25% |
| 2017 | 55,052,982 | 6,196,547 | 48,856,435 | 1719.3 | 21% |
| 2018 | 603,474,938 | 476,337,839 | 127,137,099 | 19.7 | 33% |
| 2019 | 599,341,349 | 695,383,340 | −96,041,991 | 8.7 | 34% |
| 2020 | 534,049,241 | 742,766,413 | −208,717,172 | 2.1 | 33% |
| 2021 | 562,187,138 | 741,697,972 | −179,510,834 | -2.6 | 32% |
| 2022 | 611,657,602 | 741,567,482 | −129,909,880 | -0.8 | 32% |
| 2023 | 531,571,803 | 619,770,704 | −88,198,901 | 1.7 | 32% |
In its most recent public year (2023), this organization spent $88,198,901 more than it brought in. Its reserves stood at about 1.7 months of spending, down from 10031 in 2011. Staff pay was 32% of spending. $79,324 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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